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HMRC internal manual

Inheritance Tax Manual

HM Revenue & Customs
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Assessing: calculations: death estate: PLCT

The value of the previous lifetime cumulative total (PLCT) is

  • the total value of all the chargeable transfers in the seven years before the death.

These transfers cumulate with the death estate. You can find further details on cumulation at IHTM14503 earlier in this Manual.